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The 2020 beef production forecast for 2020 was raised by 240 million pounds to 27.7 billion pounds from the previous month. This increase is based on the pace of fed cattle slaughter and heavier expected cattle dressed weights.
The USDA-FSIS recently announced that Brazilian fresh beef would soon be allowed back into the U.S.
Brazilian beef exports were banned back in 2017 due to recurring concerns about public health issues, sanitary conditions and animal health issues.
The USDA National Agricultural Statistics Service (NASS) released its semiannual Cattle report on Jan. 31. The total number of cattle and calves on Jan. 1, 2020, was estimated at 94.4 million head, nearly 400,000 head lower than the previous year.
The 2019 fourth-quarter beef production forecast was adjusted higher by 15 million pounds from the previous month to 7 billion pounds, which raised the forecast for annual production to 27.2 billion pounds. The increase was based on a faster-than-expected pace of non-fed cattle slaughter in December, in particular beef cow slaughter.
The 2019 fourth-quarter beef production forecast was raised by 100 million pounds from the previous month to nearly 7 billion pounds. This raised the forecast for annual production to 27.1 billion pounds.
The 2019 beef production forecast was raised by 88 million pounds from the previous month to 27 billion pounds. The increase was based on a faster-than-expected pace of fed cattle slaughter and greater expected cow slaughter.
Consumption of U.S. beef by Americans is dropping, but it’s not an alarming statistic for economist Jim Robb. What really determines the demand is how much U.S. consumers are willing to pay for what they eat.
The 2019 beef production forecast was reduced by 5 million pounds from the previous month but remains at a rounded 26.9 billion pounds. The reduction was based on a slower-than-expected pace of fed cattle slaughter that was partially offset by greater expected cow slaughter and slightly higher expected cattle dressed weights.
The Aug. 9 fire that forced closure of the Holcomb, Kansas, Tyson Foods processing facility fueled a massive reaction in cattle markets through late summer, with feeders taking it on the chin with lower profit margins and processors reaping record prices.
On Aug. 9, a fire damaged Tyson Foods’ Holcomb, Kansas, beef processing plant, rendering it inoperable through 2019, according to the company. This plant was estimated to have a capacity equivalent to about 5% to 6% of fed cattle slaughtered weekly.
